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    6420 Wilshire Blvd Los Angeles, CA 90048

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    For Lease
    Contact for pricing

    Boutique office tower in Miracle Mile with recent transformation.

    Type:Office
    Added:
    Oct 5, 2021
    Days on Market:
    1659
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 6420 Wilshire Blvd

    General Information

    Standard status
    Active
    Property subtype
    Office

    Spaces For Lease

    at 6420 Wilshire Blvd Contact us

    Suite’s 200 & 230 $3 /Mo

    Size
    8,923 SF
    Type
    Office
    Contact us

    7th floor, Suite 700 $3 /Mo

    Size
    6,947 SF
    Type
    Office
    Double door entry, reception, large conference room, 10 window offices, large open...
    show more
    Contact us

    Suite 200 $3 /Mo

    Size
    3,926 SF
    Type
    Office
    Move-in ready creative office with exposed ceiling, concrete floors, lots of glass,nconference...
    show more
    Contact us

    2nd floor, Suite 230 $3 /Mo

    Size
    4,997 SF
    Type
    Office
    Creative office with exposed ceiling, extensive use of glass, conference room, 2noffices,...
    show more
    Contact us

    2nd floor, Suite 240 $3 /Mo

    Size
    3,858 SF
    Type
    Office
    Double door entry, conference room, 2 offices, large open workspace, kitchen,nnorthern...
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    Contact us

    Second Floor $3 /Mo

    Size
    15,177 SF
    Type
    Office
    Entire 2nd floor is available (suites 200, 220, 230, 240)
    Contact us

    Suite 401 $3 /Mo

    Size
    6,152 SF
    Type
    Office
    Ready for a customized buildout overlooking Wilshire Blvd. The suite providesnan...
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    Contact us

    Suite 650 $3 /Mo

    Size
    3,899 SF
    Type
    Office
    Reception, Conference room, 4 window offices, open work space, IT/Storagenroom, kitchen,...
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    Contact us

    11th floor, Suite 1110 $4 /Mo

    Size
    2,047 SF
    Type
    Office
    Conference room, 3 window offices, open workspace, southern views
    Contact us

    Suite 1220 $3 /Mo

    Size
    2,239 SF
    Type
    Office
    Reception, large conference room, 3 window offices, large open workspace, storage...
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    Contact us

    Suite 1250 $3 /Mo

    Size
    5,814 SF
    Type
    Office
    High-end, move-in ready office with double door entry, reception, largenconference...
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    Contact us

    Suite 1450 $4 /Mo

    Size
    2,292 SF
    Type
    Office
    High end creative spec suite in progress with exposed ceilings, concrete floors.nDouble...
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    Contact us

    7th Floor Suite A $3 /Mo

    Size
    2,290 SF
    Type
    Office
    High end creative spec suite in progress with exposed ceilings, concrete floors.nDouble...
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    Contact us

    7th Floor Suite B $3 /Mo

    Size
    2,377 SF
    Type
    Office
    High end creative spec suite in progress with exposed ceilings, concrete floors.nDouble...
    show more
    Contact us

    7th Floor Suite C $3 /Mo

    Size
    2,280 SF
    Type
    Office
    High end creative spec suite in progress with exposed ceilings, concrete floors.nConference...
    show more
    Contact us
    Show more

    We can help!

    Listing Contact
    Brian Niehaus

    Listing agent Brian Niehaus License #01836528

    Listing office JLL Los Angeles | Downtown

    Listing date Oct 5, 2021

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of JLL Los Angeles | Downtown

    Overview

    Westside Los Angeles Boutique Office

    Located in the Westside of Los Angeles, this office building at 6420 Wilshire Boulevard is situated in Miracle Mile, with access to Beverly Hills and Hollywood. The property is near The Grove, 3rd Street, and Melrose Avenue retail areas. The boutique office tower has undergone a recent transformation, including a new lobby, outdoor patio, and café. The building offers views from the Hollywood Hills to the beach. The location is suitable for tenants seeking an image-conscious environment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Julie Craig Theater & Performing Art Venue Reichman & Associates, P.C. Accounting Firm Harris • Ginsberg LLP Law Firm The Exchange Film Production Andrea Fugate Balian Law Firm

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.36922
    Latitude
    34.06365

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    FAQs

    What type of property is this?
    Office building - Boutique office tower in Miracle Mile with recent transformation.
    Where is this office building located?
    The property is located at 6420 Wilshire Blvd Los Angeles, CA.
    What is the lease rate?
    The lease rate is $3 SF/Yr.
    What are key features of this property?
    This property features: Prime location in Miracle Mile, Westside Los Angeles, near Beverly Hills and Hollywood.; Recently renovated with a **new lobby, outdoor patio, and café.**; Easy access to popular retail destinations like The Grove, 3rd Street, and Melrose Avenue.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Brian Niehaus
    Real Estate License ID: 01836528
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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